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Retail Stocks On The Rise With Help From 3 Stocks

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

All three major indices are trading down today with the
Dow Jones Industrial Average (
^DJI) trading down 89 points (-0.5%) at 16,857 as of Wednesday, June 11, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,007 issues advancing vs. 1,935 declining with 173 unchanged.

The Retail industry currently sits down 0.6% versus the S&P 500, which is down 0.3%. A company within the industry that fell today was
CVS Caremark (
CVS), up 0.6%.

TheStreet would like to highlight 3 stocks pushing the industry higher today:

3.
Michael Kors Holdings (
KORS) is one of the companies pushing the Retail industry higher today. As of noon trading, Michael Kors Holdings is up $1.17 (1.2%) to $95.55 on average volume. Thus far, 1.0 million shares of Michael Kors Holdings exchanged hands as compared to its average daily volume of 2.7 million shares. The stock has ranged in price between $93.92-$95.68 after having opened the day at $93.95 as compared to the previous trading day's close of $94.38.

Michael Kors Holdings Limited is engaged in the design, marketing, distribution, and retailing of branded women's apparel and accessories, and men's apparel. The company operates in three segments: Retail, Wholesale, and Licensing. Michael Kors Holdings has a market cap of $19.2 billion and is part of the consumer goods sector. Shares are up 16.2% year-to-date as of the close of trading on Tuesday. Currently there are 10 analysts who rate Michael Kors Holdings a buy, 2 analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates
Michael Kors Holdings as a
buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full
Michael Kors Holdings Ratings Report now.